A PYMNTS Company

Israel: Regulator clears Searchlight to buy Bezeq parent

By  |  July 16, 2019

Israel’s competition agency on Tuesday approved a deal that would allow Searchlight Capital Partners to take control of Israel’s largest telecoms group, Bezeq Israel Telecom.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A spokeswoman for the Antitrust Authority said there were no issues with the proposed deal made a month ago, in which Searchlight will inject 640 million shekels ($180.5 million) into B Communications whose single asset is a 26.34% controlling stake in Bezeq.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.